Vital Football

Latest Leeds United News

Creditors Unhappy With Leeds Deal

Creditors Unhappy With Leeds Deal

Some of the smaller creditors to Leeds United have voiced their opinions regarding the acceptance of the 1p in the £1 offer from Ken Bates that was accepted during the CVA meeting of last week. It is believed that despite interest from other parties, the creditors were only allowed to bid for the Bates deal, which was offering considerably less return than at least one of the alternatives.

A great example of one unhappy creditor is Holmfirth based balloon supplier Ballyhoo Banners and Balloons who will now receive just £9.14 of the £914 owed to them. The company supplied party related items for club New Years parties over the past few years. Company owner Paul Garlick said : 'It's odd, that is the feeling among an awful lot of people.

'No other offer ever had a chance unless somebody was going to come along and say 'here's £35m, everyone gets paid in full.'

'If they are effectively waiving their debts and not taking control of the club because Ken Bates has control, what's in it for them? That's something that has really got to be asked.'

Jonathan Batchelor, of Ramus Seafood Ltd has seen his company receive just 22 quid from the total money owed by the club and isn`t particularly pleased with the club`s situation. Batchelor told the Yorkshire Post: 'I find the whole thing a huge mess; a tragedy, to be honest.

'What really annoys me and a lot of other people in our situation is that in a normal business environment this kind of thing can't happen. In any other line of business the way this has been gone about wouldn't have been allowed.'

Join Vital Leeds

It's easy to register for Vital Leeds, simply click the link and enjoy getting involved (you can even win prizes!)

Message Board

To visit the Vital Leeds message board, click here.

Get involved

This website is your website and we are looking for people to help run the site. Do you go to most of the games and have an opinion? Why not write a match report? Perhaps you are a budding journalist or even just someone who is very opinionated? Well why not join our team? If this interests you please contact Vital Leeds.

Date:Friday June 8 2007
Time: 7:05AM

Login to post a comment

Best of Vital Network

Recent Leeds United Articles

Leeds Contract Situation Could Cause Problems This Summer

Leeds United could face a major problem if they are wanting to rebuild their squad this summer

LUFC On This Day - 24th March

A look back at what happened on this day March 24th in the history of Leeds United

Former Favourite Raves 'I Told You He Was Special'

Leeds United fans are raving about the performance of young forward Jack Clarke in the development squads 3-0 win against Cardiff City on Friday afternoon.

Perfect Timing From Leeds, Not!

Among this awful run of late, the club has been trying to promote next season and season tickets are on sale in light of that.

Leeds United Archived Articles

Vital Leeds articles from

Site Journalists

Editor email

Current Poll (see more polls)

Will Pontus Jansson stay at Leeds in the summer?
Suggested By: Elland
Not Sure16%
ScoopDragon Publishing Entire League Network of Sites
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Leeds United Results (view all)

Leeds United Fixtures

Vital Members League Table

3.Tiny T96
5.King Billy46
Vital Football Comment